Manufacturing companies

Manufacturing companies are playing the vital role nowadays, these companies work with the aim to promote and boost up the economy of countries thus in the result global market has been revolution in good aspects of production.
‘ A company which manufactures the same or different types of products is called manufacturing company” or A firm or organization which is meant to convert raw materials and component parts into valuable/useful goods; such as industrial and consumer products or goods is known as a manufacturing company. All kind of industrial and consumers goods are directly or indirectly manufactured or else produced by the different items.
Manufacturing companies may be dealt into different parts and products, most common companies normally deal in production of television, radio, computer, car, agriculture, industrial, foods and metals items.
Manufacturing companies require a big amount of investment, strategies and planning in order to vest a name among the competitors. However the performance of companies may vary from one country to another depending upon the fluctuations of economy’s position of the country. It is very clear that the success of both developed and under-developed nations is based on the efficiency and effectiveness of manufacturing companies.
Several factors are involved in processing the basic inputs to profitable outputs and a successful processing and planning is always needed on the top hand. The process of production and conversion of raw materials into finished goods completes in three basic steps.
1. Input.
2. Processing.
3. Out put.
If a company is eager to be successful in the fast-paced world then it should be having following distinctive characteristics such as;

• The Company should adopt all changes in the advanced technologies in order to survive in the line up of competitive market.
• The company should provide quality products to both its industrial and individual consumers, so that demand for its goods can be increased to the maximum level of profit.
• The company should be engaged in formulating, implementing and evaluating its operational strategies in such a manner that its break even points easily and efficiently.
• The company must possess total quality control system that monitors at each and every level processing procedure.
• The company should contribute a major portion in the gross domestic products of economy.
Manufacturing companies offer different kinds of products to its targeted customers for approaching their satisfaction and long term retention.
Sony VS Panasonic:
Electronic goods industries are explicit examples of manufacturing companies in the modern era. We can make a comparison of SONY products with PANASONIC products in such a different way in order to evaluate the best one, prevailing in the market on the basis of performance and offering.
1. Sony has a major competitive edge over Panasonic because the innovation provided by the Sony to its potential and existing customers is a class by itself.
2. Sony captures large markets share in both domestic and foreign market than that of Panasonic. The reason behind this holding is the optimum level of satisfaction and loyalty towards its products from its customers’ chain.
3. The products offer by Sony differ from the products of Panasonic in styles, feature, design and techniques , it would be not wrong to conclude that products of Sony are considered superior to products of Panasonic as per vote given by the majority of customers in the survey.